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tv   Cavuto  FOX Business  January 14, 2013 11:00pm-12:00am EST

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neil: the next thing you know, they're grabbing for your wallet. welcome, everybody. i am neil cavuto. it's a -- for cash gone viral. governor andrew cuomo is pretty good at it. the outbreak of the flu in his state is now officially an emergency. the governor is no dummy. he knows from experience that
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you don't get to go unless you %-an emergency is dire. just look at the neighborng governor, chris christie. >> there is only one group to blame for the continued suffering of innocent victims. house majority and the speaker, john boehner. shame on congress. if they want to make new rules about disasters from the detective on state. neil: more than 20 billion of the original monetary aid is doing nothing that it was proposed to do. the sad truth is that the squeaky wheel gets the greece. calling an emergency every other week is like calling wolf.
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we think the point is about as free cash? >> well, they can get money. how much better to get the federal taxpayer pick up the cost and have yo own constituency this money. it is free money and they needed to hand out the cash on and something that every governor wants to do. declare a disaster or something to get free cash. >> is the classic example of pork barrel. you know, there is a solution to this problem and that would be for people to pay in advance.
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governments could have an emergency fund instead of spending all their money every year. they could be prepared partly for their emergencies. the federal government could play this because they could set up a fund for disasters and they could set up which would be used to handle disasters so that all this emotion that we just described could not be used to manipulate and take money from people that have earned it. but then they got a lot more than the actual cost of the problem. neil: what worries me is that hurricane sandy was different in a the most severe storm, certainly for the northeast. so how they came up wih the $60 billion based a bigger question, whether the governor is handed that figure and adding insult to agony here.
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they also povided for those in need. >> yes, shortly after the disaster, the figures are going to several decimal points out what they need. nobody really knows exactly what the right amount of it. but we ha always advocated for is let's start early and incrementally. instead of one big $60 billion cash infusion, why don't we start with smaller amounts and figure out what else we need to go incrementally. we actually do that with hurricane katrina. we spans several different bills tried to recover their over several years. there does seem to be this proliferation of major disasters.
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>> people need to be prepared for them right? iraqi yes, but it's also the fact that people are asking for more and more of these. so if you look at the late 50s until the mid-90s, there were only three years for 30 or more states had major disaster declaration. thirty-four with a high number. since 1996, more than 35 states have had major disaster declarations. neil: it might very well be an epidemic, this flu thing. but health experts are not confirming that. i guess it we learn that there's a message of getting money from this environment and things going out of control, beyond her state's ability to deal with it.
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>> usually, of course, this is a classic problem that the insurance company has to deal with. they damaged the offender and they want a new car. but they have a profit and discipline of bad behavior. >> so to that point, whether we were police or qwest or not, making sure that congress does not do that. what do you think? >> hinkley hefty set up a process in advance. this is a classic case. we are under the heat of battle, there are bad stories and it's tough for congress to discipline itself.
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>> you're just trying to make sure that the money isn't wasted. but you will grow. >> well, you do. and you have to have a profit. >> the kind of control, you know it, the residents in your state are going to get this money because it's going to bypass you to get a roof or to put a new roof on the smithsonian. >> you know, absolutely. there are profits in place. billions of dollars going on immediately. and it's really then it's really about making sure that were only funding most important and critical. so once you start adding in this extra stuff, that's when you invite controversy. while congress is trying to feather their nests in a lot of places, it is actually doing the
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actual aid getting to that sandy victims. they put in billions of dollars for the army corps of engineers construction. they put in $3.4 billion for the projects in the sandy related area. that is more than twice the amount for construction projects across the country in a year. neil: this latest thing in the flu emergency -- this would have to be something out of the movies. it is so crisp ocean and the problem on the ground. it's insulting the people that have them flu. >> i agree with that. if it really is an epidemic, it's going to be national and it will spread all over the country. so it is a national emergency if there is one. >> i.e., thank you so much for clarifying. you know, what these guys do.
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that's the way to get money. it's crazy how this is done. neil: meanwhile, the president is scared silly. >> we are going to default. >> we are going to default. we are facing the threat of the officemax has exactly the ink... >> we are going to default. we are facing the threat of the your business needs... at prices that keep you...out of the red. this week get a bonus $15 itunes gift card with any qualifying $75 ink purchase. find thousands of big deals now... at officemax.
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♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, but it fits in your pocket.
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now tell the world daniel... of pepto-bismol to-go. >> you don't go out to dinner and eat all you want and then leave without paying the check. maybe we should go to a more modest restaurant. that's fine. that is a debate we should have. neil: we have been going out to
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dinner as a country for years now and no one is paying the bill. my next guest says that washington isn't chomping at the dollar menu. and we are getting burnt and five. i thought that analogy, in particular at the conference today, stood out. possibly we have accepted the bills in the depths. >> our problems are much greater than not. the analogy is ridiculous because people know the difference is the household numbers. i know what i can afford and what i can spend. the guys in congress, the senate from the president of the united states, they are spending wildly. all they have to do is print money each month. we are having a seven course no,
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and he gets to watch dishes, and by the way, you're paying for it. i'm going to wipe her vacation, goodbye. >> now he's having i like you pay for it. and that that triples up on the appetizers and desserts. leaving that aside, we can't keep repeating this madness and both sides have to find a way around constantly kicking this debt can down the road. since world war ii, we won't get any confessions out of this thing. and i won't ask what leads to this constant debt and bringing us to the brink. >> we no longer have statesmen or six women. we have politicans who are interested in getting reelected. they're going to tell us whatever they want to hear and
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they will never deal with the substantive issues. we have to quit spending money and raising the household budget. people can't afford it. they are not cluttering their hair or going out to restaurants or two theaters. people are restricting the activity and the thousand and $10,000 is a real lack of a home budget. neil: seizing all of this is evident in economic numbers in the next few months? consumer pullback? >> absolutely. i don't understand how the government does its calculations. i do think it's all smoke and mirrors. i grew up in suburban chicago and i drove there to date. it usually takes me to an hour or norrington ministry today took me less than 35 minutes.
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people are off the street. they are not going out. they are not behaving ways to behave. they don't have money. they are pulling back. they said that they did a big christmas and they have to get serious about saving the family budget. >> i think republicans and democrats are at fault. we need to get spending under control. i don't think the president even sees a spending problem. so i hope to be more optimistic now that but i don't see anything makes me that we. >> i am not optimistic at all. obama wants redistribute wealth is going about it in a very methodical way. the way that they do it if you've read any history lessons is increased federal debt and can calculate people can change their behavior, cause them to do
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things that will cripple this country and destroy the fundamental nature of the country. neil: very interesting and i thank you very much, sir. >> thank you, neil. neil: coming up next, the end to industry.
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>> our next guests are about to clash over green cash. an issue in this first segment
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is about going green. i say this because "the new york times" apparently doesn't think it is. since cashing out, gre investments are lying about. caroline is joining me now. getting "the new york times" is making a big mistake? >> yes, i do. they're actually just getting rid of their climate in general. and it is being covered by so many other sectors. they are looking at doing the same thing with religion. investments went up over one year, 2009 until 2010.
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8% growth in the last five years, which is more than twice as fast as our economy has been growing and by every indicator, the green energy sector is growing. neil: i don't know a lot infatuation, but i know the frustration. >> i think they have probably realized that the green movement is kind of a boring activism. what they should be covering and don't really want attention to would be something like solynda that they called the phony scandal. they don't want to address that. this is a way for them to say we are shifting around for various reasons. i don't think they wanted to cover the real news which the scan was solynda and then they
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went under. the whole thing was just a disaster. the other stuff is boring activism and others want to let go. >> okay, it has become mainstream. >> "the new york times" this week is facing something like the numbers on 30 or more layoffs. so put this in a separate category to a broader question under obama. we have come to talk about this stuff of 5 million green jobs and international treaties. it's hard to do any of that. so you're not going to produces 5 million green jobs, negotiating a global treaty is
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hard work and obama has been no better than george w. bush was. a lot of people have stopped talking about those issues have gotten involved in specific small things, like reversing their position on cracking, which used to be seen as a green energy and a lot of people are opposing. neil: maybe this is a healthy development for folks like you and people have come to realize that you have to have money to invest. >> we do. public investments are going on. they're going of the united states. >> but it's not coming out of thin air. >> okay, but it's not an investment. we are investing. $70 billion. >> not entirely, it is creating green energy jobs.
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>> do think you're getting as much bang for the buck trying to do so? >> well, yes, we are anticipated to see 4.4 million jobs. neil: but what about this year? i would check back. >> you know, if you look at every sector -- neil: my argument is that we have not delivered on some of this. i just don't think certain things have panned out. >> it's about money and people don't see a return for their investment. they say, okay, you will will go along with us and we see washington wasting money and we can't come to agreement on a budget. this is the last thing that the american people want is to hear about money being invested where there is no sure thing. there aren't green jobs.
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we saw solyndra and others and to become something that is very politically correct, but when you talk about the bottom line come the american people are bothering. neil: but in this latest hurricane sandy situation, a lot of green investments in that. i don't think there was a great crying fault in the last election. but all of a sudden -- all this other stuff -- i just don't know. >> look, the government is a bad investor. they are bad in adventure capitalism. what we have seen is the center of gravity that has moved more to the left of the last five and 10 years, much more than in 2000 when bill clinton was president.
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neil: caroline, to your point -- the democrats had a good showing minus the house and we will see more of that? >> of course we are. it's a good investment whether it's government or private. >> solar will take those and double those every two years. i'm saving up for that chevy boldly we love so much hybrid cars. >> 2% of our energy use. it's been going up for the past decade. neil: if you can say that, caroline, you can say anything. from the guys that brought you three minus, a demand for a
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significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. se neil: halftime, do you see this? and this?
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and this? gives engineers who made them possible a raise, the boeing dream team, more behind a nightmare liner, want a hike in pay for a job well done, forget the fuel leaks, and faulty wires, a bonus for designing a plane yet to pan out? maybe just me, buttion we wait toee if they can fiction the mess, airlines have ordered more than 850 of the aircraft. but close, might it be wise for boeing to see how customers are more like monsters. let's have it out with town hall.com news editor. katie. >> neil. neil: you know they want a raise. >> they do, theyment a raise, the union is behind them, boeing is offering them a raise, union has said, that is not good
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enough, union does not like 5% or 4 percentagial pay raises they have been offering, union does not like that engineers are paying more for health chunks. and union does not like that they will have to go into a 401(k) program rather than a pension program because why? boeing wants a long-term plan that can be sustainable for the company not short-term that is beneficial to the workers only. neil: a lot of them are engineers they are not idiots, friends are mine ars mine are s, here is the thing. they are kind of emotionally clueless, if i am part of a company that had nothing but embarrassment after embarrassment, calling into question, if this blows up to something bad, the survival of the company, the last thing i am
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doing is demanding a razor extra benefits, i am keeping high head low. >> i know how you feel with the engineering thing, my brother is the engineer, i always felt like the inferior child in the family, but they are asking for a raise, this is not about the compy, this is about the union. neil: they will be worried for the company, aren'tt they? >> i don't know. neil: i'm only as good as my company is strong. >> that is how it used to be, but in this day in age of indict indict in-- entitlement program, why everyone gets a troaf trophy fot trying. this is why boeing moved their plant to south carolina, they did not' to deal with the long-term costs that the strikes are threatening now would cost the company, engineers are
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smart, it seems they don't understand the concept, if you strike, it only hurts the company further, and limits the ability financially to give you what you want. neil: i don't want to make the leap here that disgruntleeled workers are worrisome workers, i tend to avoid carriers that were pilots or machinists on strike. because i think if they are on strike, they are pissed. they are not tightening up the bolts. the pilot is going to get in the cockpit and be drunk. i'm e exage rating. they might not be happy campers that worries me. >> now you see these dreamliners turn into nightmare liners, who knows, maybe they are not tightening the bolts. i'm kidding.
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bottom line, yes, the plane is new, they get stars and stickers for developing the plane, but if the plane does not work, you are not getting a raise, but boeing did offer a raise, they offered a pay raise, and help with the heelhealth insurance. they are in business for the long haul, that is what the union needs to understand, the strike is not going to help them get what they want. neil: just be aware of the noise around you. katie thank you. >> thank you neil. neil: all right talk about hit and miss, if a movie about killing bin laden is such a hit, why are getting actual pictures of a dead bin laden such a miss, the government played a key role about getting the guy, but refuses to share so much of a single photo with us proving they got him. something is not right here,
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i got my first prescription free. call or click tolearn more. [ male announcer ] if you can't afrd your medication, astrazeneca may be able to help. neil: "zero dark thirty" making money hand over fist this weekend. the government helping provide background and needed information about the hunt to the movie's producers, if they have provide hollywood that. why not actual pictures of the dead bin laden for americans to prove the point, and justify those interrogations for the rest of us. stream violent okay on film, okay, but still is notes not, time for the judge to decide, photos of a dead osama bin
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laden? >> i was not the judge in the case, i would have said yes, public policy of the government in a free society that government works for us, we don't work for them. what is in the government's hands is available to us unless the revelation could harm an independent individual or would -- innocent individual or gravely affect national curity, so, how can a photograph of a dead person gravely affect national security? neil: it would insight the muslim world. >> then they shouldot have taken the photos. neil: then they should not have killed the guy in the first place. >> another issue, but once those documents are in the government's hands, the public has the right to see them, that is not just me that is what congress said, that limited to narrow areas the ex septions. judicial watch, sued defense department, they said, we don't have photographs, wait, the navy
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seals took the photographs, you don't have them, we don't have them, did you ever have them? we won't say, so a sued cia, cia said we have 52 photographs, some of stills some are videos some of the actual invasion and killing itself. some are of the autopsy, some are the funeral. all of them if released would gravely affect national security, and a judge accepted this. the reason we're talking about it now, not so much because of the movie is doing well but because the appeal of this decision was argued last week. neil: it is akin to tearing up a koran? >> that is the argument that government made, they were so adamant about if they did not want to judge to see the photos in the privacy of his chambers so he could make a informed decision, the judge went along with that, rejecting the
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application of judicial watch, based on what the government told him. neil: has he seen them. >> no but he did receive affidavits from people in the cia who claim they saw them, and describes when they saw. neil: would this be confirming a policy of don't share, don't show? >> a policy contrary to principles of first amendment. neil: are. thin, force ibly open. -- remember there were kennedy photos, they did not show them, and then they well leak out. >> they do, sometimes the government punishes leakers or awars leakers, i think these will come out but probably when it is no longer a hot issue like today, i think there is a probability that's the appellate court will reverse the trial
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judge below, and say to him, look at these pictures, and then decide. you should have a biassed in favor of releasing them because that is what the law is, presumed position, is to transparency. the government has to prove the reason for the secrecy. i don't think they did so here. they could always claim if we release it people will get upset, people will get upset no matter what you do. neil: you can argue, you want to release this, if it stirs up a black helicopter crowd that said osama bin laden was over in killed, he is alive and well and touring the back mountains. >> as many people will be up set at releases this, people will rejoice, they will know with certainty that it awful saga of our times is over. neil: but a lot of people -- like we never went to the moon. >> right. so, probably know by the end of february, how this will rule.
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but i have to tell you it is unusual for a judge to rule on something like this, and not see it. but this judge accepted what the government's argument,. neil: it is weird for government to get involved in helping out the product of a movie, and not show underlying photographs of the movie based. >> very unusual, what did the government say, on what did the government base whatever it said? did the people who produced movie see these that the government will not show to a federal why? >> a good point, thank you, judge. you are way too thin. neil: do you think it is the end of the world if the government shuts touch? how about if i told you, the end of the world if we keep playing these kind of games, default will never hpen, i at the momendon' carewhat you heard. what is sending 40 % more of
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neil: we could be more than 6 weeks from the government shutting down, now and then we like to explain the issue at hand, unless the nation debt ceiling is raised a lot of programs are starved of spending by default, but that does not mean, want to be clear, that we default even if the president today all but said otherwise. >> threat of default hurts our economy, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media,
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u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst
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paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut, president said that is crazy, tea party activist thinks that going through this shar charade is cr, what do you think? >> i am so glad that you are pointing this out, i think it is so irresponsible -- i know that very few others in the media are going to point this out. this is a perpetual problem, it is a lie. and it is up to conservative pr bury eugurus to get the messagei remember, about a year ago, i was on your show, we agreed that this was the ultimate opportunity for the g.o.p. to
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really shine to really set the record straight and call the bluff of this administration. they did not, we have the election results to show for it in my opinion. neil: the reason why we're the mockery of the world we are, we keep going through this share charade, mawe make france look stern. you stop paying the mortgage or that, you put your priorities first, for uncle sam you are still, you know taking in you know, a lot of money. 2.5 trillion every year to address this stuff, you have wiggle room. >> this is so simple, this
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administration, and a lot of people in the g.o.p. would like powlikeus well believe that this lofty thing that the general public it too dumb to understand, so they will vote for us accordingly, but this is simple, anyone that created a family budget and followed it knows, if times are tight, if you are a small business owner and your clients are not paying on time, you know you are not going to not pay more most gang, you -- mor mortgage you will cuk on your wine and cheese. we prioritize, government does not like to do that. neil: i think that republicans are afraid of their own shadow, if you balk at this, and say, always the way we to it shut up, don't make as is if you fuss, bt
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in order for government t not to go belly up, they have to deliberately not make those payments. but defaults is not one choice to make. >> that is right. and i think it is time for republicans, to call upon john boehner to sout a backbone he never had, the president laughs arrogantly the whole time, he expects bainer ter boehner to bs what he has always done, i hope they force boehner to keep his promises he made to be reelected and force him to stand this time, if they do, i think there is a big surprise waiting on the other side, i think that conservatives might look back to beginning to trust again, our government, which is supposed to hold the line on this legal spending.
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neil: i always hear from people, neil, that is the way we've always done it. well stop it. just stop it. >> that is what they do great job happy new year again. neil: happy new year to you, neil. >> another reason for walmart haters to have a heart attack, walmart is getting into the business of treating your heart
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neil: seems like we're always clashing, walmart is looking into doing the same thing, think of those exchanges as hickory farms for health care, shop for a plan, and not as tasty as a cheese log or processed meat, but what is. matt wel. wal-mart change could have with more. how does it work
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that anything will or has touched in its history including health care with pharmaceuticals, over the counter drugs have benefited consumers. neil: $4 prescription drugs. >> especially on though lower event wal-mart has been incredibly helpful. this is an era we could use more good news of health care private delivery system neil: carolina i assure you completely support this. >> no. the avoidances is clear that public provision is more efficient than private whether medicare or other programs have 2% overhead vs. 7% in the private but
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there's such a perverse system for their private insurers the number of services is determined by the specialist in your area. neil: then why can't wal-mart be the $4 drug? >> a match that. neil: when that happened of wal-mart did not put that out there? >> medicare has been providing reasonable drugs for years. neil: not $4. >> but a much lower cost because they negotiate better. neil: then would that be such a bad thing? >> fill in the blank and the private sector do a better job than the government? the answer is almost yes. wal-mart supported the air from a mandate.
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they could give them a run for their many. even they are not quite sure but it is a good thing to provide more choice and competition but they have proven they gave the government a run for their money in the past. neil: to appoint if you want bargain-basement care you will get it that of a good discount price. >> i hope we have bargain-basement care, a caddllac care, but health care is not obamacare or medicare part b it is world war ii relic tying health care with my employer. i would love to own it myself. obama doubles down
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regrettably. if we could break the link and lift the restrictions then there would be more of a marketplace. now we have the governmental system with fewer providers because the fewer regulations fewer people are in the industry. unfortunately we did not take the opportunity with obamacare to break the link for a natural market. neil: but maybe i am concerned i am from the government and here to help. the faith in the government develops early as the medical ministate unleashed. >> i don't saying everything should not be privated

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